Feb 16th, 2026

Musk, Cook Warn of Memory Chip Crisis as Demand From AI Grows

A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in the making: A shortage of memory chips is beginning to hammer profits, derail corporate plans and inflate price tags on everything from laptops and smartphones to automobiles and data centers — and the crunch is only going to get worse. Bloomberg's Neil Campling explains.